10q10k10q10k.net
SBA Communications

SBA CommunicationsSBACEarnings & Financial Report

Nasdaq · Real Estate · Telecom Tower REITs

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa. It was founded in 1989 as Steven Bernstein and Associates by Steven Bernstein.

NextFeb 26, 2026

SBAC Q3 2025 Key Financial Metrics

营收

$75.9M

毛利润

$542.5M

营业利润

$374.2M

净利润

$236.8M

毛利率

714.8%

营业利润率

493.0%

净利率

312.0%

同比增长

81.2%

EPS

$2.20

资金流向

SBA Communications Q3 2025 Financial Summary

SBA Communications reported revenue of $75.9M for Q3 2025, with a net profit of $236.8M (312.0% margin). Cost of goods sold was $-466.6M, operating expenses totaled $168.4M.

Key Financial Metrics

Total Revenue$75.9M
Net Profit$236.8M
Gross Margin714.8%
Operating Margin493.0%
Report PeriodQ3 2025

SBA Communications Annual Revenue by Year

SBA Communications annual revenue history includes year-by-year totals (for example, 2024 revenue was $799.2M).

YearAnnual Revenue
2024$799.2M
2023$830.7M
2022$906.5M

利润表

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
营收$675.0M$29.6M$34.0M$41.9M$693.7M$48.0M$67.2M$75.9M
同比增长-1.6%-49.2%-35.0%-7.1%2.8%62.4%97.5%81.2%

资产负债表

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
总资产$10.18B$10.00B$9.79B$10.20B$11.42B$10.44B$10.77B$11.26B
总负债N/AN/AN/AN/AN/AN/AN/AN/A
股东权益$-5.17B$-5.22B$-5.32B$-5.17B$-5.11B$-4.97B$-4.94B$-4.93B

现金流量表

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
经营性现金流$432.6M$294.5M$425.6M$304.7M$310.2M$301.2M$368.1M$318.0M